Regulatory Alerts2024-12-03
Feedback Statement on PARP Scenario Analysis Guidelines from a Customer Perspective
The Dutch Authority for the Financial Markets (AFM) issued this feedback statement to clarify its PARP scenario analysis guidelines following a public consultation that received 18 responses. The document resolves key ambiguities by confirming that while developers hold the primary legal obligation for scenario analyses, distributors must assess information adequacy and may conduct their own analyses to ensure product suitability. It further defines the proportional application of norms based on product complexity and target market, clarifies the distinct roles of developers and distributors regarding life events, and addresses the inclusion of sustainability factors and standard product definitions.
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